Gallagher has expanded its Irish presence with the strategic acquisition of Dublin-based Keaney Insurance Brokers. Details of the transaction were not disclosed.
Founded in 1993 by Terry Keaney, the brokerage has carved out a niche for itself in the Irish market, providing bespoke insurance and risk management services. Following the acquisition, Keaney and his management team will continue to run the business, which will now operate under the broader umbrella of Gallagher’s Irish operations, led by CEO Ronan Foley.
With over 275 risk professionals across Ireland and €150 million of gross written premium, Gallagher’s existing Irish operations span several key locations including Dublin, Limerick and Kerry. The addition of Keaney to the Gallagher fold not only strengthens Gallagher’s market presence, particularly in Dublin, but also enhances its capabilities throughout Ireland.
“I am delighted to welcome Keaney Insurance Brokers to Gallagher. I have known them for a number of years and have always admired their professionalism, expertise and the way they take the time to really understand their clients’ needs and the risks they face. The acquisition will strengthen our presence in Dublin, following our acquisition of First Ireland earlier this year, and add to our expertise nationally,” said Foley.
As the market continues to consolidate, Foley also said that Gallagher remains on the lookout for further acquisitions.
Elsewhere for the global broker, Gallagher has appointed Ben Redmond as head of private client for Ireland to expand the broker’s client base and product offering in the high net worth segment.
